CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

US Dollar May Find a Lifeline in Upbeat Economic Data

2017-1-13 17:07:24Basics of Trading
US Dollar May Find a Lifeline in Upbeat Economic Data

Talking Points:

  • Bare European calendar puts US data roundup in  focus

  • US Dollar may rise as Fed rate hike speculation returns

  • Sentiment trends sink Yen, boost Kiwi Dollar overnight

A next-to-empty European economic calendar puts the spotlight on US news-flow into the end of the trading week. Retail sales, consumer confidence and wholesale inflation figures are on tap, with improvements expected all around.

Recent US data outcomes have increasingly outperformed relative to economists’ forecasts. More of the same this time around may help revive Fed rate hike speculation and offer a lifeline to the battered US Dollar after a week of “Trump trade” unwinding, echoing last week’s eleventh-hour salve from wage growth figures.

The Yen faced broad-based selling pressure as Japan’s Nikkei 225 stock index advanced, undermining support for the standby anti-risk currency. The New Zealand Dollar outperformed. Risk appetite trends seemed to be at work here as well, with the Kiwi rising alongside the S&P/NZX 50 shares benchmark.


Asia Session

US Dollar May Find a Lifeline in Upbeat Economic Data


European Session

US Dollar May Find a Lifeline in Upbeat Economic Data


UBANK FX provides forex news and technical analysis on the trends that influence the global currency markets.